v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets      
Cash and cash equivalents $ 186,805 $ 184,925  
Accounts receivable, net 298,889 327,345  
Inventories 359,401 361,682  
Prepaid expenses and other 20,707 17,601  
Assets classified as held for sale 0 18,451  
Total current assets 865,802 910,004  
Property, plant and equipment, net 1,115,490 1,254,715  
Amortizable intangible assets, net 26,110 49,829  
Operating lease right-of-use assets 6,818 7,598  
Pension asset 12,975 9,378  
Deferred income tax assets 7,839 17,778  
Other long-term assets 6,386 13,630  
Total assets 2,041,420 2,262,932  
Current liabilities      
Accounts payable and other 282,881 248,661  
Pension and other post-retirement benefit obligations 745 732  
Liabilities associated with assets held for sale 0 7,145  
Total current liabilities 283,626 256,538  
Long-term debt 1,605,144 1,473,986  
Pension and other post-retirement benefit obligations 10,392 11,134  
Operating lease liabilities 3,858 4,793  
Deferred income tax liabilities 58,298 74,772  
Other long-term liabilities 12,042 11,934  
Total liabilities 1,973,360 1,833,157  
Shareholders’ equity      
Common shares $1 par value; 200,000,000 authorized; 66,983,000 issued and outstanding (2024 - 66,871,000) 66,871 66,850  
Additional paid-in capital 365,357 362,782  
Retained earnings (accumulated deficit) (277,016) 230,912  
Accumulated other comprehensive loss (87,152) (230,769)  
Total shareholders’ equity 68,060 429,775 $ 635,410
Total liabilities and shareholders’ equity $ 2,041,420 2,262,932  
Commitments and contingencies (Note 21)